Speaker 1: Detroit is poised for significant development and growth in twenty
Speaker 1: twenty four, with several major projects set to transform the
Speaker 1: city's landscape. One of the most notable developments is the
Speaker 1: two point five billion dollar revitalization plan for Detroit's New
Speaker 1: Center neighborhood. This initiative, driven by a partnership between henry
Speaker 1: Ford Health, the Detroit Pistons owner Tom Gores, and Michigan
Speaker 1: State University, aims to create a vibrant, walkable community. The
Speaker 1: plan includes a one point one million square foot expansion
Speaker 1: to henry Ford Hospital, featuring a new twenty one story
Speaker 1: hospital tower and the conversion of all patient rooms into
Speaker 1: private rooms. Additionally, the project will include pedestrian friendly bridges
Speaker 1: and walkways, green spaces, and a collaborative research facility with
Speaker 1: Michigan State University's Health Sciences Program two five. In the
Speaker 1: retail sector, Detroit is welcoming the return of Target after
Speaker 1: nearly two decades. A new thirty two thousand square foot
Speaker 1: Targets store is scheduled to open on Mac and Woodward
Speaker 1: Avenue in Midtown by late twenty twenty four, providing residents
Speaker 1: with a variety of shopping options. This compact store marks
Speaker 1: a significant retail boost for the city too. The city's
Speaker 1: entertainment scene is also set for an upgrade with rapper
Speaker 1: Big Shaan's plan to open a new movie theater in
Speaker 1: partnership with Emmagine Entertainment. Although the location remains undisclosed, construction
Speaker 1: is expected to start in the fall of twenty twenty four,
Speaker 1: adding to Detroit's cinema landscape, which currently has only one
Speaker 1: first run movie theater, the bel Air Luxury Cinema two.
Speaker 1: Detroit's waterfront is undergoing revitalization as well, with the Ralph C.
Speaker 1: Wilson Centennial Park project and the redevelopment of the Joe
Speaker 1: Lewis Arena site. The former arena is being transformed into
Speaker 1: a twenty five story residential tower with five hundred housing units,
Speaker 1: led by Detroit based developer Sterling Group. This project is
Speaker 1: part of the city's efforts to revitalize its urban core
Speaker 1: and provide modern living spaces. Heart Plaza is another area
Speaker 1: seeing significant improvements thanks to a nine million dollar renovation
Speaker 1: funded by President Joe Biden's American Rescue Plan Act. The
Speaker 1: restoration includes the nineteen eighty one Horace E Dodge and
Speaker 1: Sun Memorial Fountain. Repairs to the Amphitheatre's seats and updates
Speaker 1: to the fire alarm systems and plumbing. Five community focused
Speaker 1: initiatives are also making headlines. The twenty twenty four Rocket
Speaker 1: Mortgage Classic raised nearly one point five million dollars for charities,
Speaker 1: highlighting the city's commitment to philanthropy. Additionally, the community has
Speaker 1: come together to gift an SUV to a single mother
Speaker 1: ahead of the holiday season, and twenty million dollars has
Speaker 1: been granted to Detroit Houses of worship to serve the
Speaker 1: community and environment. IE. In terms of local amenities, a
Speaker 1: new full service grocery store, the Detroit People's Food co Op,
Speaker 1: is set to open in the North End. This co
Speaker 1: operatively owned grocery will be part of the thirty one
Speaker 1: thousand square foot Detroit Food Commons building, which will also
Speaker 1: include community spaces and an incubator kitchen for food entrepreneurs.
Speaker 1: Five Construction is under way for a new ten story,
Speaker 1: one hundred fifty four room Marriott International AC Hotel, which
Speaker 1: includes the restoration of the one hundred twenty year old
Speaker 1: Bonstell Theater as a special events space. The redevelopment of
Speaker 1: the United Artists Theater building into a one hundred forty
Speaker 1: eight unit mixed income residential building is also nearing completion.
Speaker 1: These developments underscored Detroit's ongoing efforts to revitalize its urban core,
Speaker 1: enhance community amenities, and foster economic growth, making twenty twenty
Speaker 1: four a promising year for the city.